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Ecosystem and Features
The ethos of the LIBRE project is to create a "one-stop shop" for all things DeFi. We believe that DeFi is still a very untapped market with room to grow. The problem's that the industry face is that the barrier of entry for new users can often be overwhelming and cumbersome. Our goal is to create an environment where Crypto savvy veterans and new users can utilize all of the benefits that DeFi has to offer.
LIBRE launched simultaneously on Binance Smart Chain, Polygon Network, and Avalanche with plans of more chains coming in the future.
For a brief on the features in the ecosystem, please see below. For a more in-depth look, please click on the relevant tabs to the left.
Users can stake their Libre tokens through our platform as part of our Liquidity Mining incentive. Rewards will be paid out in Libre. Users may unstake at any time. When a user withdrawals their stake, they will incur a 2% withdrawal fee which is applied on their total rewards.
In keeping with our message and goal of simplifying the entry into DeFi, we have created a totally novel Single Asset, One-Click Yield Farming protocol. Users are able to deposit one asset into their desired farm, and the LIBRE protocol will do the rest.
All farms have a Performance fee of 2% of the total deposit amount.
As an Automated Market Maker (AMM), LibreSwap facilitates peerless token swaps via smart contracts rather than order books. This allows users to easily swap tokens without a buyer or seller on the other side of the transaction. Users can connect their wallet and trade LIBRE and other crypto assets directly from LibreSwap, providing liquidity and receiving a portion of transaction fees in return.
LibreSwap implements a similar transaction fee model to Uniswap and PancakeSwap. There is a 0.25% fee on all transactions, 0.2% of the fee is distributed to liquidity providers, 0.05% is distributed to the Libre Treasury wallet.
USDL- Libre Stablecoin
USDL, the Libre Stablecoin, is perhaps the most community-centric feature of the entire protocol, and directly benefits all LIBRE holders. USDL is farmed by staking LIBRE tokens. The amount of USDL that you accrue is based on the amount you stake.
USDL is and will always be backed by the value of the Libre treasury wallet. The amount of USDL that is minted will always be 1:1 value of the treasury wallet. The treasury is continuously supplied by fees generated from the Libre Ecosystem. If there is $2,000,000 in the treasury wallet, there can only be 2,000,000 USDL available.
Users will be able to mint LIBRE NFTs, as well as NFTs from various partners in order to earn boosts to their LP pairs. In addition, we will be partnering with various metaverse projects so our users can participate in NFT easter egg hunts which will Whitelist them to exclusive farms and staking pools.
Through a secure yet simple to use hosted service, LIBRE allows individuals and companies to issue their own “compliant” tokens and develop and deploy smart contracts. LIBRE will handle marketing and PR as well as exchange listings. Our Launchpad toolkit will provide projects with a full suite of benefits when launching their project.
Play to Earn RPG
One of the main focuses of LIBRE is to provide a safe and easily accessible platform for new investors. One where they can learn about DeFi in a digestible manner. That’s why we are putting an enormous amount of resources towards educational-based content creation in the form of videos, step-by-step guides, as well as live streams, and live support directly from our website. The goal is to give new users the tools they need to begin their journey into the DeFi space and to be there with them every step of the way.
Libre Charity Foundation
There will be a number of charities that the Libre team puts forth to the community, and the community can vote on which one they would like to send the team to donate to. This vote will be only open to Libre holders. The Libre team truly believes that through Crypto and more specifically DeFi, we can make the world a better place and give back not only to our community but the global community at large.
Fiat to Crypto On-Ramp
Users will be able to buy BNB directly from the LIBRE dapp by using their Credit Card (and bank account in some countries) and send it to their Metamask wallet. From here, users can trade in an instant on LibreSwap.
The goal is to create a seamless experience for our users. Purchasing cryptocurrencies can be cumbersome, by introducing an onramp, users will be able to complete their “fiat-libre” purchases seamlessly.
The LIBRE token is a governance token. This will allow users to vote on various proposals having to do with the ecosystem.